Tinubu’s N6trn challenge
A major challenge awaiting Bola Tinubu, Nigeria’s president-elect, is petrol subsidy, which is on track to gulp N6 trillion in 2023.
President Muhammadu Buhari has presided over the…
Browsing Tag
Debt Crisis
The rise of Nigeria’s national debt, should citizens be alarmed and worried?
Within half a century, Nigeria’s total external debt stock – due but unpaid foreign loans plus accrued interest arrears – rose from less than 1 billion dollars in 1970 to over 70 billion…
Ghana’s debt overhang foretells Nigeria’s fate
Ghana’s debt implosion is a foreboding of the trouble ahead for governments that tapped the international debt market in the era of cheap funds but failed to invest in bankable projects.…
Rencap chief economist warns Nigeria of debt default threat
Nigeria will face “a very real threat” of debt default in the 2020s in the absence of a significant shift in economic policy and sustained high oil prices, the chief economist at investment…
Ghana’s debt crisis has investors pondering who’s next
Investors whose fingers have been burnt by holding Ghanaian international bonds are curious to discover the next African country to toe the path of the embattled West African nation.…